More troubles for Powder River Basin’s Cloud Peak Energy

Posted On Dec 31 2020 by

first_imgMore troubles for Powder River Basin’s Cloud Peak Energy FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Cloud Peak Energy Inc. will be removed from the S&P SmallCap 600 prior to the opening of trading on Jan. 3.The pure-play Powder River Basin coal mining company is ranked near the bottom of the S&P Dow Jones Indices’ index and is no longer representative of the small-cap marketplace, S&P Global Inc. said in a news release Dec. 20. Cloud Peak’s stock price has been sliding throughout the year, closing at just 48 cents per share on Dec. 20.In mid-November, the company announced it had engaged a financial adviser and legal counsel to commence a review of strategic alternatives, including a potential sale of the company. Cloud Peak is one of the few large, publicly held U.S. coal companies to avoid a bankruptcy reorganization in recent years, but has been challenged by low prices for the domestic thermal coal it mines and operational challenges at its operations.More ($): Cloud Peak to be removed from S&P SmallCap 600 as coal company’s stock flounderslast_img read more


Sunderland FC transfer news: Fabio Borini in Italy to finalise move to AC Milan

Posted On Dec 27 2019 by

first_img1 Sunderland striker Fabio Borini was undergoing a medical in Italy on Thursday as he closed in on his move to AC Milan.The 26-year-old flew to Milan on Wednesday as the fine details of the move were ironed out, and the Serie A club posted photographs of him having tests at the La Madonnina Clinic on their website on Thursday morning.It is understood Borini will move on an initial season-long loan deal before completing a permanent £5.3million transfer next summer.He had two years remaining on the deal he signed at the Stadium of Light during the summer of 2015, but has struggled for form since his £10million permanent switch to Wearside from Liverpool.The Italian is one of several players on whom the Black Cats hope to cash in as they attempt to re-shape their squad for life in the Sky Bet Championship following relegation from the Premier League. Fabio Borini in action for Sunderland last_img read more